President Donald Trump assembled top cryptocurrency executives at the White House Wednesday, demanding Congress pass the Digital Asset Market Clarity Act before September 15th to lock in America’s lead over China in the global digital finance race.
Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, Robinhood CEO Vlad Tenev, SEC Chairman Paul Atkins, and CFTC Chair Mike Selig joined Trump at the summit.
Trump called the Clarity Act essential to keeping the United States ahead of international rivals.
“A fair version of the Clarity Act is necessary to ensure the United States remains at the forefront of global technological innovation and maintains its edge over international rivals like China.”
Industry leaders argued the legislation would provide legal certainty needed to drive capital investment and protect the crypto market from shifting regulatory climates under future administrations.
SEC Chairman Paul Atkins backed the push, noting that regulatory proposals from federal agencies require the statutory foundation only Congress can deliver.
SEC Chairman @SECPaulSAtkins says President Trump has sparked a major comeback for the U.S. IPO market, with hundreds of companies going public and billions raised since Inauguration Day.
Atkins also says the SEC is taking major steps to make America the “crypto capital of the… pic.twitter.com/2U9CK9VLgF
— One America News (@OANN) August 19, 2026
CFTC Chairman Mike Selig said the Trump administration is positioning America to dominate crypto and artificial intelligence through new policies and the Strategic Bitcoin Reserve.
CFTC @ChairmanSelig says the Trump administration is putting America at the forefront of crypto and artificial intelligence, touting new policies and a Strategic Bitcoin Reserve.
He also warns that the U.S. must dominate the computing and digital commodity markets to win the AI… pic.twitter.com/yFnMqWzPZO
— One America News (@OANN) August 19, 2026
Democrats are blocking the bill. They claim the draft fails to restrict officials from profiting off digital assets — a veiled shot at Trump’s crypto ventures.
Left-wing critics are demanding conflict-of-interest guardrails before they’ll allow a vote.
Coinbase CEO @brian_armstrong praises the Trump administration’s push to make America the “crypto capital of the world,” citing major regulatory and policy changes.
He says the next major step is passing the Clarity Act to lock in those gains for years to come.
For more… pic.twitter.com/qHOXrP1qZ7
— One America News (@OANN) August 19, 2026
Republicans hold 53 seats in the Senate. They need 60 votes to overcome a procedural filibuster.
The September 15th vote is a key test before the midterms. Analysts say alternative regulatory proposals could tempt some lawmakers to delay.
Trump signed the GENIUS Act last year, establishing the first federal framework for payment stablecoins backed 100% by U.S. dollars or Treasury bills.
“A giant step to cement American dominance of global finance and crypto technology.”
President Donald Trump touts the GENIUS Act, saying the landmark legislation is paving the way for widespread adoption of dollar-backed stablecoins.
Trump also says the U.S. is leading the world in investment, attracting trillions of dollars and creating new opportunities for… pic.twitter.com/E0LnOcBWRp
— One America News (@OANN) August 19, 2026
The White House summit signals Trump’s determination to codify crypto market rules and lock in America’s position as the global leader in digital finance — if Democrats don’t kill the bill first.
